Nandan Denim has informed that the Risk Management Committee meeting could not be held within 180 days of the previous Risk Management Committee meeting. There was delay in holding said meeting, in this connection SEBI has issued a letter no. SEBI/HO/CFD/SEC1/OW/P/2024/20153/1 dated June 19, 2024 advising the Company to ensure compliance with all applicable provisions of SEBI Regulations and also to place the said letter before Board of Directors in upcoming Board meeting. It may be noted that the said non-compliance was happened due to resignation of Company Secretary and Compliance Officer of the Company, the Risk Management Committee meeting could not have been conducted within due time mentioned in Regulation 21 (3C) of the SEBI (LODR) Regulations, 2015 at that time.
The above information is a part of company’s filings submitted to BSE.
